Circle Internet Group, Inc.·4

Jul 2, 5:12 PM ET

Neville Patrick Sean 4

Research Summary

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Circle (CRCL) Director Neville Patrick Sean Sells Shares

What Happened

  • Neville Patrick Sean, a director of Circle Internet Group (CRCL), converted 50,000 shares of Class B common stock into Class A common stock and sold a total of 50,000 Class A shares on July 1, 2026 for aggregate proceeds of approximately $3,132,444. The sales consisted of 35,981 shares (weighted avg $62.29) for $2,241,256 and 14,019 shares (weighted avg $63.57) for $891,188. The conversions and sales were executed to facilitate a sale pursuant to a 10b5-1 trading plan.

Key Details

  • Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely within the required reporting window).
  • Sales: 35,981 shares sold at prices ranging $61.80–$62.71 (weighted avg $62.29); 14,019 shares sold at $63.56–$63.63 (weighted avg $63.57).
  • Total proceeds: ~$3,132,444.
  • Conversions: 50,000 Class B shares converted one-for-one into Class A shares (per the company charter) to permit the sales; conversions recorded as derivative transactions.
  • Shares owned after the transactions: not specified in this Form 4.
  • Trust/ownership notes: some Class A and Class B shares are held through irrevocable grantor trusts with disclaimers of beneficial ownership as described in the filing footnotes.

Context

  • The conversion of Class B to Class A is a mechanical, one-for-one process that allowed the director to sell the shares; the sales were implemented under a 10b5-1 trading plan (prearranged selling plan). These are outright sales (not purchases), which are routine insider liquidity events and do not, by themselves, indicate insider confidence or lack thereof.